Indian food delivery startup Swiggy's losses rise six-fold to $338m in FY19

Food delivery startup Swiggy has posted a six-fold increase in losses for the financial year-ended March 2019 (FY19), on account of heightened expenses which went up by four-fold during the same year at a time when the five-year-old startup has been expanding rapidly across the country to keep up with intense completion in the food delivery segment.